CIBC Forecasts Strong Price Appreciation for North West (TSE:NWC) Stock

North West (TSE:NWC) had its target price raised by research analysts at CIBC from C$59.00 to C$60.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 14.55% from the company’s current price.

NWC has been the topic of several other research reports. BMO Capital Markets lifted their price objective on North West from C$58.00 to C$60.00 in a report on Thursday. Cibc World Mkts raised North West to a “strong-buy” rating in a research note on Wednesday, February 19th. Finally, TD Securities lifted their target price on shares of North West from C$59.00 to C$63.00 and gave the stock a “buy” rating in a research note on Thursday.

North West Price Performance

Shares of TSE:NWC opened at C$52.38 on Friday. The company has a quick ratio of 0.64, a current ratio of 2.16 and a debt-to-equity ratio of 59.78. The stock has a market cap of C$2.52 billion, a PE ratio of 19.26, a PEG ratio of 1.11 and a beta of 0.64. The company’s fifty day moving average is C$47.75 and its 200 day moving average is C$49.55. North West has a 52 week low of C$37.15 and a 52 week high of C$55.93.

North West Company Profile

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.